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Mexico, the country most benefited from the growth of the US: Fitch Ratings

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Mexico, the country most benefited from the growth of the US: Fitch Ratings

After the economic blow of the COVID-19 pandemic, Mexico will be the emerging country that will have the greatest benefit from the recovery of the activity that the Email List of Christian Churches
United States is experiencing, said the global director of sovereign ratings of Fitch Ratings , James McCormack. In a forum organized by the rating agency, the specialist explained that the integration of our country into the United States economy will give it an advantage over other nations. , with which you must take advantage of the strong commercial link.

However, McCormack warned that the COVID-19 pandemic, even with the vaccination process underway, continues to lead all global risks, with which the economic weakness with which Mexico received the impact of the virus limits the possibility of a recovery more dynamic. The Fitch Ratings analyst recalled that Mexico is currently the second largest trading partner of the United States, behind China. , with which the T-MEC will be key to boost the Mexican economy after the health contingency hit.

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James McCormack added that after the strong impact on the service sector experienced by the United States, but facing the recovery process driven by vaccines, it will have strong growth by the end of 2021, which will favor Mexico with significant increases in the flow of remittances. that receive millions of families in the country. “In the last twelve months, the cpa email list  flow of remittances to Mexico was 40 billion dollars, this doubles oil exports, and is an important source of foreign exchange for the Mexican economy that will continue to increase towards 2021 and 2022,” he said.

JM

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